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We harness the power of business to create a more sustainable world. We have more than 20 years' experience as specialists in working on climate finance and carbon neutrality solutions.

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Projects

We know you can't wait. Climate finance reduces emissions today:

Browse our project map, read about our criteria and quality, view how projects meet the Sustainable Development Goals (SDGs)

Concentrated Solar Power, South Africa

This concentrated solar park delivers over 200 GWh of electricity to the South African grid every year

Project Type: Sustainable infrastructure, Renewable energy

Standards: Gold Standard

  • South Africa solar 2
  • South Africa solar 3
  • South Africa solar 4

Located in the Northern Cape Province of South Africa where sunshine rates are good all year round, this project reduces greenhouse gas emissions though a grid-connected parabolic trough concentrated solar thermal power (CSP) plant. This provides clean, safe, sound and emission-free energy to displace electricity generated from the predominantly coal-fired South African electricity grid.

The power plant has a maximum net generation capacity of 50MW electrical energy. The plant includes a thermal storage system capable of delivering up to 9 hours of stored energy for continued power generation. With the extended operating profile afforded by thermal energy storage, the plant produces, on average, approximately 224 GWh of electricity per annum.

South Africa has a target for the renewable power share of electricity generation to be 9% by 2030

REN21
Sustainable Development Goals

In addition to delivering emissions reductions to tackle climate action (SDG 13), the project delivers a number of other benefits including:

  • Affordable and Clean Energy: South Africa has a target for the renewable power share of electricity generation to be 9% by 2030, but aims for 42% of new generation capacity installed between 2010 and 2030 to come from renewables. This project helps the country move towards that target.
  • Decent Work and Economic Growth: The operational phase of the solar power plant created approximately 50 job opportunities. This includes approximately 20 unskilled jobs, 20 moderately-skilled jobs and 10 highly skilled jobs.
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